Sinclair Broadcast Group has closed on its acquisition of Freedom Communications’ broadcast stations. The deal includes WWMT (Channel 3) in Kalamazoo and WLAJ (Channel 53) in Lansing.
Sinclair Broadcast Group announced Monday that it has closed on its acquisition of the Freedom Communications broadcast assets for $385 million. The deal was announced last November.
Sinclair financed the acquisition and a portion of the closing costs with a draw under a recently raised $157.5 million incremental Term Loan A and a $192.5 million incremental Term B Loan commitment under its amended Bank Credit Facility, plus a $38.5 million cash escrow previously paid in November 2011.
WILX in Lansing will shuffle its news anchor lineup starting on Monday, January 16. David Andrews will anchor mornings from 4:30 to 7 a.m. Jason Colthorp and Lauren Evans will anchor evenings at 5, 6 and 11 p.m.
Sinclair Broadcasting will buy the Freedom Communications TV station group for $385 million. The deal includes WWMT (Channel 3) in Kalamazoo and WLAJ (Channel 53) in Lansing. Sinclair will operate the stations under an LMA until the purchase is approved by regulators.
Young Broadcasting’s WLNS in Lansing hired Kevin Gehl as a weekend sports anchor. Gehl was a reporter for a high school sports show on KOFY in San Francisco.
Nielsen released new rankings for local television markets. The Detroit, Lansing and Alpena markets did not change. Grand Rapids, Traverse City and Marquette moved down one spot. Flint moved up one spot in the rankings.
Young Broadcasting, the parent company of WLNS (Channel 6) in Lansing, is being quietly offered for sale for as much as $350 million.
Dish Network may remove WSYM (FOX 47) from their channel lineup in Lansing because of a retransmission dispute between WSYM parent company Journal Broadcast Group and Dish Network.